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Press Release

Neuberger Berman Strategic Income Fund, Built For Evolving Fixed Income Markets, Passes $2 Billion In Assets

Media Contact:

Alex Samuelson, 212.476.5392, Alexander.Samuelson@nb.com

New York, March 31, 2015 — Neuberger Berman, one of the world’s leading private, employee-owned investment managers, is pleased to announce that its Strategic Income Fund (tickers: NSTLX, NSTAX, NSTCX, NRSIX, NSTTX) (the “Fund”) has exceeded $2 billion in assets following investor inflows and market appreciation.

NSTLX, the Fund’s institutional and oldest share class, has generated positive annual returns over the past 10 years ended December 31, 2014, while outperforming the Morningstar multi-sector bond category average through a variety of challenging market episodes during this period – rising and falling interest rates, the Great Recession, high market volatility, as well as Fed tapering. According to fund tracker Morningstar Inc., the performance of the Fund’s NSTLX share class, rated 4 stars overall as of February 28, 2015, ranks in the top quartile for the 10-year period ended February 28, 2015. These results have been achieved with less volatility as measured by standard deviation than funds in the Multisector bond category.

The Fund, managed by a portfolio management team averaging 27 years of investment experience, is led by Andrew Johnson, the firm’s head of global investment grade fixed income. The Fund’s managers invest across the global fixed income spectrum, including investment grade and non-investment grade bonds issued in the U.S. as well as in other developed and emerging market countries.

“Neuberger Berman Strategic Income is designed to meet the challenges of today’s investors, providing a Fund that seeks to address sensitivity to interest rates, evolving central bank policies, and other unexpected vulnerabilities by investing in an expanded fixed income universe and with heightened attention to risk management,” Johnson said. “We’re gratified by investor reception to our Fund’s defined, rigorous and repeatable investment process and performance to date.”

The Fund’s assets have grown to $2 billion from $8 million in 2008.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $250 billion in client assets as of December 31, 2014. For more information, please visit our website at www.nb.com.